Smithfield Trust Co. maintained its stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, Holdings Channel reports. The institutional investor owned 1,699 shares of the company’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in Dollar Tree were worth $119,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Lowe Brockenbrough & Co. Inc. raised its stake in Dollar Tree by 6.3% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 78,397 shares of the company’s stock worth $5,482,000 after buying an additional 4,668 shares in the last quarter. Eads & Heald Investment Counsel raised its stake in Dollar Tree by 1.6% in the second quarter. Eads & Heald Investment Counsel now owns 7,822 shares of the company’s stock worth $547,000 after buying an additional 120 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in Dollar Tree by 3.3% in the second quarter. Candriam Luxembourg S.C.A. now owns 16,187 shares of the company’s stock worth $1,132,000 after buying an additional 513 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in Dollar Tree by 446.4% in the second quarter. Stratos Wealth Partners LTD. now owns 14,091 shares of the company’s stock worth $985,000 after buying an additional 11,512 shares in the last quarter. Finally, Markel Corp raised its stake in Dollar Tree by 34.8% in the second quarter. Markel Corp now owns 62,000 shares of the company’s stock worth $4,335,000 after buying an additional 16,000 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors.

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at 74.92 on Thursday. The firm has a market capitalization of $17.73 billion, a PE ratio of 20.53 and a beta of 0.68. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $99.93. The stock has a 50 day moving average price of $70.28 and a 200-day moving average price of $75.75.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, May 25th. The company reported $0.98 EPS for the quarter, hitting analysts’ consensus estimates of $0.98. The firm had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.29 billion. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. Equities analysts forecast that Dollar Tree, Inc. will post $4.48 EPS for the current year.

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A number of equities research analysts have recently commented on the company. Loop Capital reaffirmed a “buy” rating and set a $86.00 price target on shares of Dollar Tree in a research report on Wednesday. Buckingham Research reaffirmed a “buy” rating and set a $87.00 price target on shares of Dollar Tree in a research report on Wednesday. BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 price target on shares of Dollar Tree in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Dollar Tree currently has a consensus rating of “Hold” and an average target price of $86.91.

In other Dollar Tree news, Director Lemuel E. Lewis bought 1,900 shares of Dollar Tree stock in a transaction dated Monday, June 26th. The stock was bought at an average cost of $66.70 per share, with a total value of $126,730.00. Following the completion of the acquisition, the director now directly owns 16,404 shares in the company, valued at approximately $1,094,146.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lemuel E. Lewis bought 3,475 shares of Dollar Tree stock in a transaction dated Friday, June 16th. The stock was acquired at an average cost of $71.45 per share, with a total value of $248,288.75. Following the completion of the acquisition, the director now owns 12,744 shares of the company’s stock, valued at $910,558.80. The disclosure for this purchase can be found here. Insiders have acquired a total of 10,375 shares of company stock valued at $705,819 over the last three months. Corporate insiders own 4.10% of the company’s stock.

About Dollar Tree

Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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